SUIT ON MORTGAGE OF SHIPBUILDING COMPANY; Foreclosure Proceedings for $16,- 000,000 Will Be Brought.

NEWARK, N.J., July 17 -- Judge Andrew Kirkpatrick, sitting in the United States District Court, to-day signed an order on application of counsel representing the Mercantile Trust Company of New York, permitting that corporation to foreclose the $16,000,000 mortgage of the United States Shipbuilding Company, held by it as trustee for bondholders. View Full Article in Timesmachine »

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A version of this archives appears in print on July 18, 1903, on Page 2 of the New York edition with the headline: SUIT ON MORTGAGE OF SHIPBUILDING COMPANY; Foreclosure Proceedings for $16,- 000,000 Will Be Brought. Order Reprints|Today's Paper|Subscribe